NetSuite Intercompany Optimization Offering
Gain clarity into intercompany complexity
As organizations scale, intercompany accounting becomes more complex. Multiple subsidiaries, currencies, and transaction types often lead to manual workarounds, reconciliation issues, and delayed close.
NetSuite Intercompany Optimization is a structured assessment and optimization offering designed to ensure your organization is using NetSuite to automate key processes.
How it works
Optimize NetSuite to support intercompany automation
Who is this for?
This offering is ideal for organizations who:
- Operate multiple subsidiaries or legal entities in NetSuite
- Are live on NetSuite
- Rely on manual intercompany journal entries or spreadsheets
- Experience out-of-balance intercompany AR/AP or elimination issues
- Want faster, more predictable month-end closes
Why this matters?
- Intercompany accounting should not rely on heroics or gatekept knowledge
- When NetSuite intercompany functionality is designed correctly, finance teams gain control, consistency, and confidence as the organization continues to scale
Phase 1: Intercompany assessment
We evaluate your current intercompany setup and processes, including:
- Subsidiary and elimination company structure
- Representing entity configuration
- Intercompany transaction flows and sources
- Consolidated exchange rate setup
- Intercompany account design and usage
- AR/AP vs. non-AR/AP accounts
- Currency handling and revaluation status
Phase 2: Implementation & optimization
Based on the assessment, we implement agreed-upon recommendations, which may include:
- Enabling and configuring the NetSuite intercompany framework
- Establishing representing entities
- Creating proper intercompany AR and AP accounts
- Migrating balances and correcting account usage
- Resolving out-of-balance intercompany items
- Configuring revaluation, netting, and eliminations
- Developing a standardized intercompany SOP
- Supporting one full month-end close using the optimized setup
Outcomes
After the engagement, clients typically achieve:
- Reduced manual intercompany journal entries
- Balanced intercompany AR/AP by design
- Automated revaluation, netting, and eliminations
- Faster, more predictable month-end close
- Improved audit readiness and confidence in consolidated results
- Fully aligned team using an optimized NetSuite instance to produce an accurate and up-to-date month-end close with tracked audit and clear automation
Customer success story
Charted partnered with Service Compression, a rental compression company, to provide NetSuite support, resulting in significant efficiency gains and growth.
“Transitioning to NetSuite from our previous manual ERP process was a wonderful change, especially the consolidated financials. From the growth that we’ve had, NetSuite has been able to adapt to anything we’ve thrown at it.”
— Doug Sneed, NetSuite Administrator
Frequently asked questions
Who is the NetSuite Intercompany Optimization designed for?
The Intercompany Optimization is ideal for organizations that operate multiple subsidiaries or legal entities in NetSuite, are already live on the platform, and are struggling with manual intercompany journal entries, out-of-balance AR/AP, or slow month-end closes.
What does the Intercompany Optimization assessment phase include?
Phase 1 of a Charted Intercompany Optimization for NetSuite involves a comprehensive review of your current intercompany setup. This covers subsidiary structure, representing entity configuration, transaction flows, exchange rate setup, account design, and elimination entries. You’ll receive a recommendation document outlining gaps, risks, and prioritized improvements.
What happens after the Intercompany Optimization assessment?
In Phase 2 of the Intercompany Optimization, Charted implements the agreed-upon recommendations. This can include configuring the NetSuite intercompany framework, creating proper AR/AP accounts, resolving out-of-balance items, setting up revaluation and eliminations, and supporting your team through one full month-end close using the optimized setup.
Do we need to be a new NetSuite customer to use the Intercompany Optimization process?
No. This offering is specifically built for organizations that are already live on NetSuite and want to improve how they’re using it, not companies starting from scratch.
What outcomes can we expect after doing an Intercompany Optimization?
After engaging an Intercompany Optimization assessment, clients typically see fewer manual journal entries, balanced intercompany AR/AP, automated eliminations and revaluations, faster month-end closes, and stronger audit readiness. These processes are all supported by a standardized intercompany SOP your whole team can follow.